Protect Your Loans

Just like your car or home, the loan you have to finance your purchase is a big investment and it's important to protect it. We offer several solutions that may help cover your loan payment should something unexpected happen. To add protection to your loan, just give us a call at 800.588.6928 or stop by any LSCU location.

Protect yourself from the unexpected with these coverage options:

Credit Life Insurance*

Credit life insurance is designed to pay off your eligible loan balance, up to the policy maximum, should an unexpected life event occur. You decide which payments you want to protect and the monthly premium may be added to your loan. Coverage can include co-borrowers, it is totally voluntary, it won’t affect your loan approval, and it’s simple to apply.

Credit Disability Insurance*

Credit disability insurance may make your loan payment, up to the policy maximum, if you become totally disabled due to a covered sickness or accident. Coverage is totally voluntary, it won’t affect your loan approval, it’s simple to apply and is only available for the primary borrower.

Guaranteed Asset Protection (GAP)

GAP is a non insurance product that covers the ‘gap’ between the vehicle’s value and the amount you still owe if your vehicle is ‘totaled’ or lost to theft. Buy yourself some peace of mind for our low flat rate of only $395.

*Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms. CDCL-1473089.1-0416-0518